News

From Bulgaria
13.04.2017 12:26

Bulgarian Power Plants Fined BGN 3.6 M for Breach of Cold Reserve Contracts

Bulgarian thermal power plants which could not respond fast enough or at all in accordance with their cold reserve contracts during the January-February cold spell have been fined with a total of BGN 3.6 m (about EUR 1.8 m). Out of these, NGN 3.5
12.04.2017 15:02

Nearly 16,000 MWh Traded on IBEX DAM for April 13

The Independent Bulgarian Energy Exchange (IBEX) has registered a new record in traded quantities in its day-ahead market (DAM) for delivery date April 13. During today’s session a total of 15979.80 MWh were traded, scoring an average price
12.04.2017 12:00

Total Requested Prolongation of Exploration Period for Bulgarian Offshore Oil, Gas

French oil major Total has requested a prolongation of the exploration period for oil and natural gas in offshore Block 1-21 Han Asparuh, in the exclusive economic zone of Bulgaria on the Black Sea. The Bulgarian Council of Ministers decided on
11.04.2017 16:47

Minister Says Struma Motorway Financing Could Be Lost Due to Construction Delays

Construction delays concerning one of the most complex lots of Struma Motorway – the one in the Kresna River gorge could cause Bulgaria to lose European funding for the construction of the entire motorway, interim regional development minister
10.04.2017 11:31

Bulgarian Obudsman to Appeal against Natural Gas Price Hike

Bulgaria’s ombudsman Maya Manolova is expected to submit an appeal with the Sofia Administrative Court today against the natural gas price hike approved by the Energy and Water Regulatory Commission (EWRC) last week. Manolova said in an interview
07.04.2017 14:50

Bulgarian Coordinators of Balancing Groups Paid BGN 175 M for Deficit

Coordinators of electricity balancing groups in Bulgaria paid more than BGN 175 million (about EUR 60 m) for deficit energy in 2016, data from the Electricity System Operator (ESO) show. The total energy deficit in the country’s energy system
06.04.2017 16:56

Contracts Concluded by South Stream Bulgaria to Be Terminated

The Bulgarian-Russian project company South Stream Bulgaria will continue to exist only as a registered entity without carrying out any activities. This will be after all contracts concluded by the project company for the failed gas pipeline of the
06.04.2017 15:53

Bulgarian Energy Regulator Criticises Ombudsman’s Office Expertise

The country’s ombudsman – Maya Manolova, could be excused for not being competent in the energy matters, but that the issue was the lack of expertise among her counsels, Bulgarian energy regulator’s chairman Ivan Ivanov said in
05.04.2017 15:04

Bulgarian Government Cancels Sofia Airport Concession Procedure

The government of Bulgaria has cancelled the concession procedure for the airport of its capital city Sofia. A press release by the communications office of the Council of Ministers cited “an objective circumstance which was not taken into
05.04.2017 14:02

Bulgarian EEX Reported New Day-Ahead Trading Record

The Independent Bulgarian Energy Exchange (IBEX) has announced two consecutive record-high days of volume traded on the Day Ahead Market. For the delivery day 06 April 2017, the traded volume of electricity was 12 046.20 MWh, with an average load
04.04.2017 14:41

National Energy Chamber Calls for Different Emissions Levels for EU Countries

There should be different, specific levels for emissions of mercury sulfur dioxide and NOx for coal-fired power plants, varying from one EU member-state to another, Olivier Marquette, co-chair of the National Energy Chamber (NEC) and CEO of AES Bulgaria,
03.04.2017 15:07

Bulgargaz Says Gas Price in Bulgaria Is ‘the Best in the Region’

The price of natural gas in Bulgaria is the best in the region and is lower compared to the most liquid gas exchanges in Europe, Bulgarian gas incumbent Bulgargaz said in a statement published on its website on Monday. The state-run company also
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Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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